State's New Fee Schedule Introduces 'Floating' Conversion Factor

A new workers’ comp medical fee schedule takes effect in Tennessee today, giving providers their first raise since 2012. Not only are reimbursement rates increasing for providers and hospitals, but the conversion factor may now “float,” or follow Medicare’s changes, rather than being fixed, according to an announcement from the Tennessee Bureau of Workers’ Compensation. And BWC has adjusted payment so that certain types of providers — nurse practitioners, physician assistants and psychologists — will receive increases. Tennessee implemented a worker...